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Confirm that there is an offer from one entity to another. Confirm that the offer has been accepted and that a price has been agreed upon. Both entities that are making the agreement must also intend for it to be legally binding in order for it to be considered a contract.

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To determine if an agreement is a legally binding contract, you would typically look for the presence of essential elements such as offer, acceptance, intention to create legal relations, consideration, legal capacity, and legality of purpose. You would also consider factors like mutual assent, clarity of terms, and whether there was any coercion, fraud, or mistake involved. It is advisable to consult legal experts for a thorough analysis.

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Q: What tests would you apply to ascertain an agreement is a contract?
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